Suntrust Banks Inc. lifted its stake in RBC Bearings Incorporated (NASDAQ:ROLL) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,963 shares of the industrial products company’s stock after acquiring an additional 787 shares during the quarter. Suntrust Banks Inc.’s holdings in RBC Bearings were worth $3,407,000 at the end of the most recent reporting period. 

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of RBC Bearings in the 3rd quarter worth approximately $189,000. Global X Management Co. LLC lifted its holdings in shares of RBC Bearings by 75.0% in the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 705 shares during the last quarter. Comerica Bank acquired a new position in shares of RBC Bearings in the 3rd quarter worth approximately $230,000. Strs Ohio lifted its holdings in shares of RBC Bearings by 58.3% in the 3rd quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 700 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in shares of RBC Bearings in the 3rd quarter worth approximately $238,000. Hedge funds and other institutional investors own 98.00% of the company’s stock. 

ROLL has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Drexel Hamilton started coverage on shares of RBC Bearings in a report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective on the stock. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Tuesday, January 23rd. BidaskClub lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $141.00.

In other RBC Bearings news, CFO Daniel A. Bergeron sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.03, for a total transaction of $2,480,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan B. Levine sold 4,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,387 shares of company stock worth $4,653,387. 3.70% of the stock is owned by company insiders. 

Shares of RBC Bearings Incorporated (ROLL) opened at $125.92 on Tuesday. The stock has a market cap of $3,020.40, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 5.42 and a beta of 1.29. RBC Bearings Incorporated has a fifty-two week low of $88.70 and a fifty-two week high of $139.95. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23. 

RBC Bearings (NASDAQ:ROLL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. equities analysts predict that RBC Bearings Incorporated will post 3.91 earnings per share for the current year.